SA -700

SA -700

Professional Development

15 Qs

quiz-placeholder

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Assessment

Quiz

Business

Professional Development

Practice Problem

Hard

Created by

Rambabu 31

Used 1+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the UDIN (Unique Document Identification Number) system?

To generate unique identification numbers for financial documents

To prevent non CAs from forging signatures of CAs

To track the number of certificates attested by CAs

To ensure that all financial documents are signed by CAs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference between an audit report and an audit certificate?

An audit report involves expression of opinion, while an audit certificate is based on factual data

An audit report is a formal statement, while an audit certificate is a written confirmation

An audit report covers limited information, while an audit certificate covers the whole financial statement

An audit report is issued by the reporting auditor, while an audit certificate is issued by the management

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the UDIN system in preventing malpractices?

To track the number of certificates attested by CAs

To generate unique identification numbers for financial documents

To prevent non CAs from forging signatures of CAs

To ensure that all financial documents are signed by CAs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the significance of the UDIN system in the context of financial documents?

It ensures that all financial documents are signed by CAs

It tracks the number of certificates attested by CAs

It generates unique identification numbers for financial documents

It prevents non CAs from forging signatures of CAs

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the UDIN system in the context of financial documents?

To prevent non CAs from forging signatures of CAs

To generate unique identification numbers for financial documents

To track the number of certificates attested by CAs

To ensure that all financial documents are signed by CAs

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the significance of the UDIN system in preventing malpractices?

It generates unique identification numbers for financial documents

It ensures that all financial documents are signed by CAs

It prevents non CAs from forging signatures of CAs

It tracks the number of certificates attested by CAs

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the UDIN system in tracking financial documents?

To prevent non CAs from forging signatures of CAs

To ensure that all financial documents are signed by CAs

To track the number of certificates attested by CAs

To generate unique identification numbers for financial documents

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